The global printed electronics market was valued at US$ 4,771.9 Million in 2021 and is expected to surpass US$ 55,566.5 Million by 2030, registering a CAGR of 22.1% during the forecast period (2022-2030), according to the Global Printed Electronics Market Report, by Materials (Substrate and Inks),  by Technology (Flexography, Ink-jet Printing, Gravure Printing, Screen Printing, and Others), by Application (Sensors, Displays, Batteries, RFID, Lighting, Photovoltaic, and others), by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.

Growing demand for smart devices and displays is one of the major driving factors for the market. Continuous technological advancement in the field of electronic components that use printed electronics in turn is having a positive impact on the market for printed electronics globally. The demand for printed electronics is anticipated to surge over the forecast period as growing demand for printed batteries and printed antennas is one of the key reasons behind the growth of printed electronics globally. Printed electronics are required for the mass production of tags, color e-papers and smart labels which is another prime factor fueling the market. Smart touch devices and displays are anticipated to contribute in the positive growth of the printed electronics market over the forecast period.

Easy production and integration, low cost along with flexible form factor are some of the major advantages of printed electronics which is contributing in the positive growth of the market. The growth in the revenue of the global printed electronics market is also attributable to growing application of the printed sensors and batteries in various industries. Increasing application of printed batteries in different medical devices is also considered as one of the drivers for the market. Medical sensors and diagnostic devices are some of the prime application areas of the printed electronics. Wireless sensors, smart cards, portable electronic devices are core application areas for the printed electronics globally, which is anticipated to boost the growth of the market over the forecast period.

Key Developments

  1. In March 2021, Novacentrix has designed and delivered the PulseForge soldering toolset for flexible printed electronics in partnership with Hold center, a research and innovation partner that is specialized in flexible and wireless electronics and health technologies.
  2. In May 2022, HID global which specializes in providing solutions for RFID sensing, biometric technologies, and others acquired Bethlehem, PA-based Vizinex RFID. This will strengthen the position of HID global in the manufacturing, healthcare, and oil and gas sector.

Global Printed Electronics Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has impacted the companies severely not just because of the market changes. Automotive projects which were in the developing stage were put on hold where printed electronics is widely used. The sales of electric vehicles reduced in the pandemic period hence the use of printed electronics for battery conditioning reduced and impacted the business of printed electronics. All these factors led to decline in sales of printed electronics in the pandemic period.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/printed-electronics-market-595

Browse 150 market data tables* and 90 figures* on “Global Printed Electronics Market- Global forecast to 2030”

Key Trends and Analysis of the Global Printed Electronics Market:

  • Asia Pacific region held a dominant position in the global printed electronics market in 2021 and is expected to retain its dominance throughout the forecast period. The automotive industry is growing rapidly in the Asia Pacific region. The taillights have OLED lights, the heating elements in the seat are also printed electronics devices. Other current applications of printed electronics in the automotive sector include glass roof elements, electro chromic dimming mirrors, and deicing windows and the popularity and use of applications in the automotive sector is increasing. Hence, the demand for printed electronics the Asia Pacific region shows significant growth in the forecast period.
  • Europe is expected to witness significant growth over the forecast period, due the high demand for RFID tags in the packaging industry. As RFID tags help in tracing the package location and also have advantages such as improved increasing process efficiency, improved stock visibility, product availability, and real-time data & analytics. Owing to these advantages in the packaging field the demand for RFID tags has increased, which is directly having a significant impact on the printed electronics market in the European region.
  • Among technology types, the ink-jet printing segment is expected gain traction in the forecast period. The market is expected to be driven by rising demand for improved print quality and greater print resolution as the advertising industry continues to grow. Sales are expected to grow as marketers' are demanding for visual campaigns, such as graphic-rich posters, and banner advertisements that have high-quality photos for display in public areas. This helps the advertising sector to enhance the visibility of their products hence the demand for ink-jet printing is expected to grow in the forecast period.
  • Major players operating in the global printed electronics market include Ensurge Micropower ASA *, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck, Materials Corporation, Inc., Intrinsiq Materials, Inc., BASF SE, E Ink Holdings Inc., Inc., PARC, a Xerox company.

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